The precious complex continues to push higher in what is expected to be a mildly choppy

The precious complex continues to push higher in what is expected to be a mildly choppy session ahead of tomorrow’s testimony from Fed Chairman Bernanke. The Fed Head will speak to Congress about the future of monetary policy and given the recent trend of the U.S. Central Bank keeping market participants on their toes, the upcoming rhetoric is proving to be no exception. In economic news,  the Consumer Price Index was released this morning and showed an increase of .5% for the month of June. Both the 12 month and core CPI data remain below the Feds 2% threshold for pulling on the reigns of Quantitative Easing. Gold currently trades .5% higher on the back of continued greenback weakness. After closing Monday’s session at $1283.5 the yellow metal now trades $1290. Platinum and palladium are in positive territory despite reports that car sales across the pond hit a two-year low. New auto registrations in the region fell 6.3% for the month of June. Both white metals are up just shy of .5% with platinum currently trading $1427 and palladium now trading $735. Have a great day!